IL SB3568 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Bipartisan Bill
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the University of Illinois Act. Provides that notwithstanding any other provisions of law, the University may form one or more limited liability companies to own any current or future intellectual property attributable to the University pursuant to the Limited Liability Company Act. Requires the State to maintain a 51% ownership interest in any limited liability company formed. Allows the intellectual property to be held as a tenancy-in-common with all entities that hold an ownership interest in a company. Requires the payment of distributions.
Title
U OF I-INTELLECTUAL PROPERTY
Sponsors
Sen. Chapin Rose [R] | Rep. Jay Hoffman [D] |
Roll Calls
2018-04-24 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 7 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2019-01-09 | Senate | Session Sine Die |
2018-05-31 | House | Rule 19(a) / Re-referred to Rules Committee |
2018-05-21 | House | Final Action Deadline Extended-9(b) May 31, 2018 |
2018-05-21 | House | Assigned to Executive Committee |
2018-04-25 | House | Referred to Rules Committee |
2018-04-25 | House | First Reading |
2018-04-25 | House | Chief House Sponsor Rep. Jay Hoffman |
2018-04-24 | House | Arrived in House |
2018-04-24 | Senate | Third Reading - Passed; 052-000-000 |
2018-04-19 | Senate | Placed on Calendar Order of 3rd Reading April 23, 2018 |
2018-04-19 | Senate | Second Reading |
2018-04-11 | Senate | Placed on Calendar Order of 2nd Reading April 12, 2018 |
2018-04-11 | Senate | Do Pass Higher Education; 010-000-000 |
2018-02-27 | Senate | Assigned to Higher Education |
2018-02-16 | Senate | Referred to Assignments |
2018-02-16 | Senate | First Reading |
2018-02-16 | Senate | Filed with Secretary by Sen. Chapin Rose |